Insights & News
Recent Insights
Model Risk Auditing
What is the role of Internal Audit? Internal audit has an important role in ensuring that model governance and validation are conducted properly and effectively challenged. Notably, SR11-07 and Supervisory Expectations for CCAR emphasize internal audit and its overall assessment of the firm’s model risk management framework, including whether the framework…
Read MoreModel Development
Our research and development methods are fully transparent. We follow a rigorous, disciplined approach to concurrently documenting our work, which also includes design and construction successes, and dead-ends. We enjoy creating automated, controllable processes that save resources and allow for easy validation and future ETL.Given the uncertainty…
Read MoreQuantitative Recruiting/Vetting
Building a new team OR expanding an existing team can be daunting! We can help – we’ve done both successfully. With intense demand by almost all CCAR and DFAST banks, as well as other data- and analytical-intensive firms, competition for quantitative talent is fierce. Many organizations don’t have the subject matter expertise to hire…
Read MoreModel Risk Management: The Canadian Edition Presentation
Our CEO, Andy Spero, recently presented at GFMI’s 2016 Model Risk Management: The Canadian Edition. The conference was held in Toronto, Canada, on March 7th and 8th. Andy was on a panel that discussed “CCAR and DFAST stress testing: What can be adopted by Canadian institutions?” He commented that whether required or not, rigorous…
Read MoreModel Governance
What is Governance? Governance answers the following question: “How do you turn regulatory guidance into consistent, repeatable actions that comply with said guidance?” For well-written guidance, like SR 11-07, consistency with it can get the firm close to good management and even best practices. Typically, one provides evidence of compliance…
Read MoreModel Risk Auditing
What is the role of Internal Audit? Internal audit has an important role in ensuring that model governance and validation are conducted properly and effectively challenged. Notably, SR11-07 and Supervisory…
Read MoreModel Development
Our research and development methods are fully transparent. We follow a rigorous, disciplined approach to concurrently documenting our work, which also includes design and construction successes, and…
Read MoreQuantitative Recruiting/Vetting
Building a new team OR expanding an existing team can be daunting! We can help – we’ve done both successfully. With intense demand by almost all CCAR and DFAST banks, as well as other data…
Read MoreModel Risk Management: The Canadian Edition Presentation
Our CEO, Andy Spero, recently presented at GFMI’s 2016 Model Risk Management: The Canadian Edition. The conference was held in Toronto, Canada, on March 7th and 8th. Andy was on a panel that discussed…
Read MoreModel Governance
What is Governance? Governance answers the following question: “How do you turn regulatory guidance into consistent, repeatable actions that comply with said guidance?” For well-written guidance…
Read More